• WHERE ARE YOU LOCATED?

    TelferYoung has 21 offices throughout New Zealand, providing local knowledge and national insight wherever you’re based.

    Our office locations include Whangarei, Auckland, North Shore, Hamilton, Cambridge, Morrinsville, Tauranga, Rotorua, Napier, Gisborne, New Plymouth, Palmerston North, Wellington, Nelson, Blenheim, Rangiora, Christchurch, Timaru, Dunedin, Gore and Invercargill.

  • WHAT SERVICES DO YOU OFFER?

    TelferYoung offers a full suite of valuation advice to cover all property needs and sectors, including market valuations, rental assessments, insurance valuations, compulsory acquisition, arbitration, expert evidence, general property advice, pre-purchase/sale advice, lease structure advice to optimise your position, building inspection, matrimonial property and feasibility.

    Our solutions are suitable for all property types including residential, commercial, industrial, retail, rural, specialised and infrastructure property.

    Selected TelferYoung offices also provide Building Inspection services - find out more and if this is available in your region here.

  • HOW DO I REQUEST A VALUATION?

    You can request a valuation from TelferYoung by either filling out the online request form or contacting your local office. When you request a valuation, please let us know the full address of the property to be valued and the purpose of the valuation.

  • WHAT IS A VALUATION?

    A valuation is an assessment of the value of a property, prepared by a Registered Valuer - an independent and appropriately qualified professional who specialises in the collection, analysis and interpretation of property market data.

    In your valuation report you’ll find an overview of the land, description of improvements, floor areas, legal details, rating valuation details, market commentary, sales and/or lease evidence, along with the valuer’s analysis and opinion of market value.

  • WHY SHOULD I GET A VALUATION?

    A property valuation is an important tool in the buying and selling process, so you know exactly what that property is worth in the current market. It can save you time and money, and make you aware of any potential issues, as well as providing an independent, expert assessment that includes local insight into your area and property type.

    Valuation reports are useful and often necessary in a variety of situations including mortgage lending, sale and acquisition, financial reporting, matrimonial property settlement, rental assessment, compensation and insurance.

  • HOW MUCH DOES A VALUATION COST?

    The cost of a property valuation varies depending on the size, type, and location of the property. Contact your local TelferYoung office for a quote.

  • WHAT IS INCLUDED IN A RESIDENTIAL VALUATION REPORT?

    A Residential Valuation Report may vary depending on the property in question and the purpose of the report, however, all valuations will include the following:

    • Instructions: this outlines what the valuer has considered for this valuation, including relevant dates and scope of work.

    • Property description: this includes the title/ownership, land, location, zoning, and services.

    • Improvement description: this includes some detail on the size, age, layout, view, materials and condition of improvements.

    • Market commentary: a discussion of your regional economy within the broader New Zealand context, including any factors specifically affecting the property.

    • Sales evidence: discussion of comparable properties that the valuer has used to assess the value of this property.

    • Workings: an explanation of the different methods used to assess the property’s value and calculations showing how the valuer reached that conclusion.

  • HOW LONG DOES IT TAKE TO COMPLETE A VALUATION?

    The time it takes to complete your valuation will depend on the size and location of your property, and the availability of a valuer. You can contact your local TelferYoung office to ask about a specific timeframe and obtain an estimate - we always aim to accommodate your timeline.

    For residential properties, we aim to complete the report within 5-10 working days from the inspection date, however this depends on the previously mentioned factors. Commercial valuations typically take longer to complete and can vary significantly depending on the scale and complexity of the property.

  • WHAT DOES THE VALUATION PROCESS INVOLVE?

    The standard steps involved in the valuation process are:

    • Terms of engagement: a description of the asset(s) being valued, the purpose of the valuation, the valuation fee, information required, and the responsibilities of parties involved in the valuation.

    • Appointment time: for the valuer to inspect the property.

    • Investigation of external influences: these include recent comparable sales, market commentary, the property’s certificate of title, rating value, zoning details, etc.

    • Physical inspection of the property: this includes an inspection of the land, noting items such as contour, fencing, access, paving, and any outdoor areas, followed by an inspection of buildings on site and listing their condition, fixtures and fittings, accommodation and any maintenance required. The building(s) and other improvements are also measured.

    • Analysis: the above information is analysed and brought together into a report. This includes finalising floor areas of the house and other buildings, photographs of recent comparable sales, analysing the comparable sales and market activity in the area, then undertaking the valuation assessment based on these.

    • Preparation of the report: including details of the property, locality, zoning, sales, value, and market commentary. These findings are presented to you in the report.

  • HOW LONG IS A VALUATION REPORT VALID?

    A valuation report generally remains valid for three months, after which the lender will cease to rely on it. This is subject to change depending on the current market movements at the time of valuation, which your valuer can discuss with you.

  • HOW ARE YOU DIFFERENT FROM ONLINE E-VALUE PROVIDERS?

    The largest difference between a TelferYoung valuation and online e-valuation is that the online services do not carry out internal or external inspections of properties, meaning they cannot see completed maintenance or upgrades to the property, nor can they assess the overall condition of the dwelling.

    Online e-providers use council valuations, which are indexed using current sales from within the same suburb as the property in question. These services are not relied upon by lending institutions and not considered overly reliable.

    A Registered Valuer from TelferYoung will complete a full inspection of the property and analyse sales directly comparable to your property to establish the market value.

  • WHY USE A PROPERTY VALUER INSTEAD OF A REAL ESTATE AGENT?

    Real estate agents can provide a market appraisal of your property, but only a Registered Valuer is qualified and licensed to prepare a valuation report that is recognised and relied upon by banks, lending institutions, and courts. A real estate agent provides an appraisal and marketing advice on what they believe a property will sell for.

    ‘Independent’ is one of the important factors here, as a Registered Valuer has a responsibility under the Valuers Act (1948) to provide an accurate and independent property report. Because a qualified valuer has no financial interests in the property, they are trusted to provide:

    • Accurate and independent advice

    • Precise findings based on extensive research

    • Relevant factors you should consider in valuing your property

  • WHAT IS THE DIFFERENCE BETWEEN A MARKET VALUATION AND A COUNCIL RATING ASSESSMENT?

    A market valuation - the report prepared by a Registered Valuer - provides a professional assessment of how much your property is worth in the market at a certain point in time, generally the date of the inspection.

    A council rating assessment is undertaken by local councils to determine property values at a specific point in time, to enable the council rates to be assessed. Most New Zealand councils reassess property values every three years, and as a result, a rating value is only an estimate of a property’s value at the date of the last rating valuation.

    The council’s rating valuations are calculated using mass appraisal techniques. The property is generally not inspected, and statistical methods used to determine value can lead to anomalies between properties. Rating values specifically exclude chattels.